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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: baystock who wrote (15982)	8/16/1998 9:52:00 PM
From: Daytek77	Read Replies (1) \| Respond to of 116894

I am not advocating that you or anyone else for that matter buy junior gold companies. I have purchased junior companies in the past. They are not an area where one can profit at present however, I suspect they will provide abundant profitable opportunities in the future. I disagree with your premise that juniors are not entitled to exist. As for gold being a conservative investment, I could not disagree with you more. Gold has been in an 18 year bear market with no end in sight. Central Banks around the world don't want it and it is readily sold in distress cases ranging from Korea, Russia et al. Gold is a hedge and negatively correlated to the stock market, but Gold or Gold stocks have hardly been a conservative investment.

To: baystock who wrote (15982)	8/16/1998 11:42:00 PM
From: Claude Cormier	Respond to of 116894

<<For every success like Arequepa that you show me, I can show you 10 duds. >> The ratio is much higher than that...One success for every 20, 30 possibly 50 failures. But isn't it true that you see the same in many other market sectors. How many high teck startup succeed. The game Ram, is to find the winners. And there are quite a few in the junior mining business.. Hopwever, unlike tecks stocks, they are more cyclical. We are no reaching the bootom of this down cycles in the mining sector. You should start to understand how the game is played in this sector...if you want to get yourself some 10-baggers and more in the next few years.